- Mid-tier wallets now hold 10.77B DOGE after rapid 30M accumulation in 24 hours.
- Analysts cite trendline retest and ascending triangle as breakout signals.
- Price stability above $0.25 keeps focus on the $0.27–$0.30 resistance range.
Dogecoin’s mid tier holders are back in accumulation mode after briefly trimming positions in late September. Analyst Ali reported that more than 30 million DOGE flowed into whale wallets holding between one and ten million coins within 24 hours.
That shift followed weeks of restrained activity and positioned this cohort near 10.77 billion DOGE in total balance. Price currently trades near $0.255, up from late September’s $0.23 dip. Notably, this renewed buying emerged just as multiple technical structures began to converge across higher timeframes.
Mid July Spike Still Frames Current Structure
Earlier movements established the backdrop for the current range. In early July, DOGE hovered between $0.17 and $0.18 while holdings from these wallets climbed gradually, indicating quiet collection.
However, that calm phase ended mid July when price ripped toward $0.29. Holdings briefly peaked above 11.13 billion DOGE during that surge. The rally faded into August as balances dipped below 10.8 billion, showing profit taking from this group.
That reduction phase transitioned into a tight consolidation between August and early September. During that period, DOGE stayed within $0.21 to $0.24 while whale balances steadied between $10.7 billion and $10.9 billion. This range now acts as a structural base for current movements.
Accumulation Resumes After Brief Shakeout
Mid September brought another rebound toward $0.28 as wallets again pushed holdings closer to 11 billion. However, late-month trading reversed those gains, sending both price and balances lower.
That synchronized retracement suggested coordinated distribution. Yet the quick stabilization in early October now hints at growing confidence among these investors. Ali’s data aligns with further technical commentary.
According to EtherNasyonal, DOGE recently completed a breakout and retest above a resistance trendline following a market cap handle-cup structure. That assessment introduced fresh speculation around a potential advance toward $100 billion in capitalization.
Analysts Map Out Higher Targets
Other chart watchers also weigh in. Bitcoinsensus identified an ascending triangle setup, describing its breakout potential as capable of unlocking a run toward the $0.50 region. While price is below that level, recurring accumulation from wallets controlling one to ten million coins now provides underlying support.
These overlapping signals place attention on the $0.27 to $0.30 belt. However, any renewed decline below $0.23 could erase current momentum and place $0.20 back in view.
